198 Canterbury
About This Property
Inside this impressive ~3,646 square foot residence (including the basement and garage), you are greeted by a charming, storybook ambiance paired with modern luxury. The entire home is in pristine, "diamond" condition, showcasing a seamless blend of newly installed flooring and beautifully refinished hardwoods. The generous floor plan offers expansive living spaces throughout, including four spacious bedrooms and 2.5 elegantly appointed bathrooms. The inviting living room features a standout antique, standalone cast-iron pellet fireplace, perfect for cozy evenings.
Downstairs, the beautifully redone lower level provides substantial open space, offering endless possibilities for a recreation room, home gym, or media lounge. No detail was overlooked, right down to the upgraded 200 amp electrical service. Parking is effortless with a double wide driveway and an attached single car garage, comfortably accommodating up to five vehicles. Situated on a generous 6,000 square foot lot, the private backyard serves as a serene retreat, ideal for both quiet relaxation and vibrant outdoor entertaining. Truly a turnkey masterpiece!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2026 | In contract | - | |
| In contract | |||
| Aug 7, 2026 | Price Decreased |
$849,000
↓ $30K
(3.4%) | |
| Price Decreased | |||
| Jul 1, 2026 | Listed by Keller Williams Realty Greater | $879,000 | |
| Listed by Keller Williams Realty Greater | |||
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About Lynbrook
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017